29 May 2017

Daily Current Affairs Updates – 29th May 2017

 Daily Current Affairs Update
Daily Current Affairs Updates –  29th May 2017:
Daily Current affairs News Updates about the National and International events were listed here. Candidates those who are preparing for IBPS/SBI/PO/Clerk exam and all other competitive exams can use this.


NATIONAL NEWS
Supreme Court allows Bihar liquor firms to dispose stock outside state
The Supreme Court today allowed liquor firms in Bihar to dispose of their stock outside the state.The court considered the submission of Confederation of Indian Alcoholic Beverage Companies that they are facing huge economic loss in view of the ban imposed in Bihar on sale of alcoholic beverages.The Confederation said, the existing stock of liquor is of value of almost 200 crore rupees and the firms be allowed to dispose it of in other states where liquor is not banned.The apex court agreed to its contention and granted time till 31st of July for getting rid of the existing stock.

Ravi Shankar Prasad inaugrates workshop on Common Service Centres as GST Suvidha Provider in New Delhi
Information Technology Minister Ravi Shankar Prasad today said encouragement for Common Services Centres, CSCs, has been among the top priorities of the government to make Digital India a reality. CSC is a platform to provide multiple e-services through single-point. The main purpose of these centres is to provide a physical facility for delivery of e-Services of the Government to the rural and remote locations where availability of computers and Internet is currently negligible or mostly absent.The Minister inaugurating a workshop on Common Service Centres as GST Suvidha Provider (GSP) in New Delhi, hoped that CSCs will help Govt in rolling out Goods and Services Tax, GST. He also said the Ministry is more committed towards strengthening the participation of small and medium level traders and village level entrepreneur. Mr Prasad said, in future, these CSCs will start e-Law services where para legal volunteers give legal aid to the common people.

DEFENCE NEWS
Unmanned aerial vehicles testing and research center was inaugurated by defence minister Arun Jaitley at Challakere in Karnataka
Defence Minister Arun Jaitley inaugurated the country’s primary aeronautical research facility at Challakere in Karnataka with the assertion that maintaining optimal defence preparedness was crucial.The Aeronautical Test Range will host several unmanned aerial vehicles which will be tested and integrated in this remote facility before being inducted by the Armed Forces.
Useful Info:
DRDO – Defence Research and Development Organization
HQ – New Delhi
DRDO Chairman - S. Christopher

ISRO made the heaviest rocket, carry up to 8 tonne
An indigenous rocket as heavy as 200 full-grown Asian elephants could well take “Indians into space from Indian soil”. Standing tall on the rocket port at Sriharikota in Andhra Pradesh is the country’s latest rocket — the Geosynchronous Satellite Launch Vehicle Mark III(GSLV Mk- III) — the heaviest rocket ever made by India that is capable of carrying the heaviest satellites.
Useful Info:
ISRO – Indian Space Research Organization
HQ – Bengaluru
Chairman - A.S. Kiran Kumar

BSNL planning to provide better satellite phone services in two years
BSNL plans to extend its satellite phone services forall citizens in two years. It will work at any corner of the country and remain immune to breakdown of mobile services during naturalcalamities.
Useful Info:
BSNL chairman-  Anupam Shrivastava



AWARDS
Pune Police Commissioner received FICCI Smart Policing Award 2017
FICCI smart policing award 2017 was given to pune city police. Pune police commissioner Smt Rashmi Shukla received this award from BJP MP Meenakshi Lekhi.
Useful Info:
FICCI - Federation of Indian Chamber of Commerce and Industries
President - Pankaj R Patel.

BUSINESS & ECONOMY
Raymond will invest 350 crore rupees for retail expansion
Textile and apparel major Raymond will invest 350 crore rupees in capacity and retail expansion this year, the company said. This will help ramp up its apparel sale and grow the fabric business over the next few years, a senior company executive said.“Of the 350 crore rupees, 200 crore rupees will be allocated to manufacturing expansion,both in India and offshore, while 150 crore rupees will go towards retail expansion,” said Sanjay Behl, CEO, Raymond.

Indian Oil Corporation is now India’s most profitable state owned company
Indian Oil Corp. (IOC) has over taken Oil and Natural Gas Corp. (ONGC) to become India’s most profitable state owned company. IOC, which has for decades been India’s biggest company by turnover, posted a 70% jump in net profit to 19,106.4 crore rupees in the financial year ended March 31, 2017. This was more than the 17,900 crore rupees net profit ONGC posted in the 2016-17 fiscal, making IOC the most profitable public sector undertaking, according to earnings statements of the two companies.
Useful Info:
IOC – Indian Oil Corporation, HQ – New Delhi, Chairman - Mr. B. Ashok
ONGC – Oil and Natural Gas Corporation, HQ –Uttarakhand, CEO - Dinesh K Sarraf

SPORTS NEWS
South Korea beats China to win sudirman cup
South Korea on Sunday won badminton's Sudirman Cup for the first time in 14 years with an emotional 3-2 victory over 10-time champions China at Australia's Gold Coast.The South Koreans claimed their fourth cup in the world mixed teams competition with a charged 21-17, 21-13 win by Choi Sol-Gyu and Chae Yoo-Jung in the mixed doubles match.


Sebastian Vettel won Monaco Grand Prix title
Sebastian vettel Formula one racer won the Monaco grand prix title. He finished the race just before Kimi Raikkonen of finland. Both were the same Ferrari team.
Useful Info:
Sebastian Vettel – German formula one racer
Team – Ferrari


C. A. Bhavani Devi won the sabre gold in the Tournoi Satellite International fencing tournament
C. A. Bhavani Devi won the sabre gold in the Tournoi Satellite International fencing tournament in Reykjavik, Iceland. Bhavani defeated Sarah Jane-Hampson of Great Britain 15-13 in the final.She became the first Indian to win a gold in an International event.
Useful info:
Country – Iceland
Capital – Reykjavik
Currency - Icelandic króna
President - Guðni Th. Jóhannesson


British athlete Mo Farah made a new record for this year
British double Olympic champion Mo Farah made his last U.S. track race a special one, running the year’s fastest 5,000 metres at the Prefontaine Classic Diamond League meeting.



Arsenal won the FA cup final
Arsenal won the FA cup final by beating Chelsea 2-1. The FA Cup is an annual knockout football competition in men's domestic English football. First played during the 1871–72 season, it is the oldest association football competition in the world.